Corn Growers Urge Increased Funds for PPP

April 20, 2020

Corn Growers Urge Increased Funds for PPP

State corn grower associations, representing corn growers across the country, today urged Congressional leaders to provide additional funding for the Paycheck Protection Program (PPP) to ensure that agricultural businesses can continue to operate during the ongoing COVID-19 pandemic.

“America’s corn farmers have watched our largest buyers, the ethanol and livestock industry, be pummeled by low prices and closed processing plants. Nearly 40% of corn goes to feed livestock across the country with roughly another 40% of corn going towards the ethanol industry. The ethanol market has slowed and even halted as some plants shut down production while protein demand is rapidly declining due to restaurant closures and other factors across the country,” the associations wrote in the letter. “Our farmers and businesses are unable to keep up with paying rent, bills, input costs, and payroll amid the struggle of a slowing economy.”

The associations thanked lawmakers for making agriculture eligible for PPP. Unfortunately, the Small Business Administration (SBA) recently announced the initial PPP funding limit was reached and SBA would no longer be able to accept applications.

NCGA is taking a series of actions to help address the economic fallout of COVID-19 and creating solutions to help corn farmers and their customers recover from the financial impacts of this crisis. Learn more about NCGA actions here.

NCGA is taking a series of actions to do our part to help contain the spread of the coronavirus (COVID-19) and the economic fallout it is creating for corn farmers and our customers. Short term, this means instituting policies to protect the health and safety of our stakeholders and the broader communities we serve. Long term, we’re focused on creating solutions to help corn farmers and our customers recover from the financial impacts of this crisis.

CommonGround is a group of farmers connecting with consumers through conversations about science and research and personal stories about food and misinformation surrounding farming. Supported by the NCGA and state corn organizations.

The Soil Health Partnership (SHP) is a farmer-led initiative that fosters transformation in agriculture through improved soil health. Administered by NCGA the partnership has more than 220 working farms enrolled in 16 states. SHP’s mission is to utilize science and data to partner with farmers who are adopting conservation agricultural practices that improve the economic and environmental sustainability of the farm.